SYDNEY Oct 12 Peabody Energy Corp
and Nippon Steel have set the fourth quarter
metallurgical coal contract benchmark at $200 a tonne, a 116
percent hike over the previous quarter, underscoring a
resurgence in Asia's appetite for coal and reflecting the recent
mark-up in spot cargoes, two sources confirmed on Wednesday.

"The settlement was done at $200, and we expect the other
buyers and sellers to use that as the reference for the
quarter," one source close to the negotiations said.

(Reporting by James Regan; Editing by Richard Pullin)

Next In Regulatory News

* Independent directors of Sky have indicated to 21st
Century Fox that they are willing to recommend possible offer
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +91 80 6749 1136)